New York Times (NYT) NewsBite - Analysts Lowers NYT's Estimate

New York Times Co. (NYT) opened at 15.11. So far today, the stock has hit a low of 13.91 and a high of 15.11. NYT is now trading at 13.93, down 1.13 (-7.48%). The stock hit its 52 week high of 24.85 in July and set its 52 week low of 13.91 today. NYT has been slipping for most of the past year. Shares of New York Times have been plunging today to a new low after a Lehman Brothers Holdings analyst slashed his earnings estimates for the company. The broker also added that its dividend is at risk of being cut in coming years. Technical indicators for the stock are bearish and steady while S&P gives NYT a very negative 1 STAR (out of 5) strong sell rating. We will just watch this one for now. There are no trades that we like for NYT.

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